Tinoco Zermeño, Miguel Ángel; Venegas-Martínez, Francisco - In: Latin American economic review : LAER ; official … 23 (2014), pp. 1-22
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …